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SAUDI-RUSSIA

Russian, Chinese Interests ‘Eager’ to Invest in Saudi Aramco IPO as Cooperation Heats Up

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The head of the Russian Direct Investment Fund (RDIF) said in Riyadh today there is "significant interest" to invest in the forthcoming Aramco IPO from Russia and from China, according to reports.

RENEWABLE ENERGY

ACWA Power Wins First Utility-Scale Solar Energy Project in Saudi Arabia

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Saudi Arabia has announced that ACWA Power, the Saudi power generation and desalination company, has won the contract for the first utility scale solar power project in Saudi Arabia with a record-breaking tariff of 2.34 US-cents per kilowatt-hour, according to reports.

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